Quick charity verification for Faithful Friends (EIN: 205602907)
Verdict: Faithful Friends appears trustworthy
70/100Mission Score
$366KRevenue
$52KAssets
4Red Flags
4Strengths
Red Flags
Significant operational deficit in the latest filing ($67,536 in 202208)
Substantial decline in assets in the most recent period (from $388,865 to $287,137)
Highly inconsistent revenue and expense figures year-over-year, indicating potential instability
Increase in liabilities from $2,347 in 2021 to $786 in 2022, though still relatively low
Strengths
Consistent reporting of 0% officer compensation, indicating dedication of funds to mission
Long history of IRS 990 filings (12 filings), demonstrating transparency
Generally maintained positive net assets over the long term, despite fluctuations
NTEE code O50 suggests a focus on animal-related services, a clear program area
Spending Breakdown
How Faithful Friends allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Faithful Friends
Is Faithful Friends a legitimate charity?
Based on AI analysis of IRS 990 filings, Faithful Friends (EIN: 205602907) appears trustworthy. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
Is Faithful Friends a good charity to donate to?
Faithful Friends has a Mission Score of 70/100. Revenue: $366K. Assets: $52K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Faithful Friends?
The Employer Identification Number (EIN) for Faithful Friends is 205602907. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Faithful Friends spend its money?
Faithful Friends allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Faithful Friends's tax-exempt status?
You can verify Faithful Friends's tax-exempt status using EIN 205602907 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Faithful Friends demonstrates inconsistent financial performance over the past decade, with significant fluctuations in revenue and expenses. While the organization has generally maintained positive net assets, the most recent filing (202208) shows expenses exceeding revenue by $67,536, leading to a substantial decrease in assets from $388,865 in 2021 to $287,137 in 2022. This trend, coupled with a notable increase in liabilities to $786 in 2022, suggests potential financial strain. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, and the reported 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries. However, the wide swings in financial figures year-over-year make it challenging to assess long-term stability without further context on the nature of their operations and funding sources.
Spending efficiency is difficult to precisely determine without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent reporting of 0% officer compensation is a positive indicator of efficient use of funds at the leadership level. The significant drop in assets in the latest period, from $388,865 to $287,137, warrants closer examination to understand the underlying causes and whether it reflects a strategic investment, a one-time expense, or a concerning operational deficit. The organization's ability to manage these fluctuations and maintain its mission delivery will be key to its future financial health.